Govt to relax minimum requirements for carriers to fly overseas

The government will relax the minimum requirements for Indian carriers to fly overseas, Civil Aviation Minister Ajit Singh said on Friday.

The new rules will relax current norms of a minimum requirement of 20 aircraft and five years of experience for airlines, Singh said.

Last week, India eased foreign ownership caps on airlines, allowing foreign carriers to buy stakes of up to 49 per cent in domestic carriers.

Copyright: Thomson Reuters 2012